Comment on State Street to buy investment firm Charles River for $2.6 billion

State Street to buy investment firm Charles River for $2.6 billion

US custodian bank State Street said on Friday it would buy Charles River Development, a privately held investment management firm, for $2.6 billion in cash. The acquisition gives State Street a service platform through which clients would be able to get in and out of funds as well as access investment and portfolio data.

 

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